---
schema_version: "secwatch.filing_event.v1"
accession: "0001104659-22-071022"
form_type: "8-K"
ticker: "XWEL"
cik: "0001410428"
company_name: "XWELL, Inc."
filed_at: "2022-06-14T23:59:59+00:00"
generated_at: "2026-06-25T01:56:01.839292+00:00"
event_type: "other_material"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# XpresSpa receives Nasdaq delisting notice for bid price below $1; CFO James Berry departs

## Summary
- Nasdaq notified XpresSpa that its stock closed below $1.00 for 30 consecutive business days; company has 180 days to regain compliance by Dec 5, 2022.
- Company may consider a reverse stock split if needed to meet the minimum bid price requirement.
- James Berry separated as CFO effective June 13, 2022; Omar Haynes appointed Interim CFO.
- Haynes previously served as VP of Treasury & Finance; search for permanent CFO underway.
- Stock continues trading on Nasdaq under symbol XSPA pending compliance.

## SEC filing metadata
- accession: 0001104659-22-071022
- form_type: 8-K
- ticker: XWEL
- cik: 0001410428
- company_name: XWELL, Inc.
- filed_at: 2022-06-14T23:59:59+00:00
- event_type: other_material
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 3.01, 5.02, 8.01, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/1410428/000110465922071022/0001104659-22-071022-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/1410428/000110465922071022/tm2218408d1_8k.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001104659-22-071022
- JSON: https://secwatch.observer/filing/0001104659-22-071022.json
- Plain text: https://secwatch.observer/filing/0001104659-22-071022.txt

## Key facts
- Executive change
  Omar A. Haynes was appointed as Interim Chief Financial Officer at XWELL, Inc..
  - Action: appointed
  - Role: Interim Chief Financial Officer
  source text: the Board had appointed Omar A. Haynes as Interim Chief Financial Officer of the Company, which became effective on June 13, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465922071022/0001104659-22-071022-index.htm
- Executive change
  James A. Berry departed as Chief Financial Officer at XWELL, Inc..
  - Action: separated
  - Role: Chief Financial Officer
  source text: the Company announced the separation of service with the Company of James A. Berry, the Chief Financial Officer, effective June 13, 2022.
  evidence_url: https://www.sec.gov/Archives/edgar/data/1410428/000110465922071022/0001104659-22-071022-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.